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Latest News
FSA budget rises 18.3%, Sants warns better regulation costs more
The FSA’s budget for 2010/11 has risen 18.3 per cent to £491m with an additional 460 staff planned.
Cofunds apologises for Park Row letter
Platform says sorry to ex-Park Row advisers after contacting their clients directly and encouraging them to find a new adviser.
FSA prepares for new financial stability objectives
Bill will see FSA taking on new statutary objective of contributing to the protection and enhancement of the UK financial system.
Internet wins over IFAs for financial help
Eight per cent of Britons go to an IFA for retirement planning while 32 per cent turn to the internet for guidance, according to Ship.
Zurich launches protection microsite
The new site offers a suite of marketing tools and templates to help advisers kick-start an effective protection campaign.
Problems loom for tripartite committee's risk role
Regulation expert Richard Hobbs has doubts over whether a new tripartite consumer protection committee proposed by the FSA, would be effective in its main aim of identifying emerging risks.
Aegon pilots premium waiver and rehab service for IP
Aegon is piloting a physiotherapy service and a waiver of premium for its income protection policyholders.
Confidence in the property market fragile, says BSA
Just 49 per cent of people surveyed agree now is a good time to buy a property
MPC minutes reveal split on inflation concerns
Minutes from the MPC’s meeting earlier this month show that members drew different conclusions about inflation risks in the UK.
Former Aviva Investors head joins TCF's investment committee
Former Aviva Investors head of retail structured products Dr Jeremy Bezant joins the TCF Investment Committee.
Shaun Sandiford joins Axa Elevate
Former Ascentric head of sales joins platform as distribution director.
OFT unveils new banking commitments
The Office of Fair Trading has announced new banking industry commitments on unarranged overdrafts.
Opinion
FSA should figure it out
Alan Lakey asks if the gaps in FSA thinking can really be filled by bancassurance.
Income protection must be the priority product
Canada Life’s Paul Avis says people should forget about pensions, mortgages and investments until they have protected the income that funds them.
Doorstep challenge
A Cofunds’ round table questions why IFAs are looking further afield rather than investing in markets closer to home.
Mortgage age
“One consequence of the credit crunch is that many more lenders have now imposed an arbitrary maximum age by when a mortgage needs to be repaid, usually between 65 and 75.”
MM Leader: Wrong to single out IFAs for Keydata mess
Advisers are still waiting to hear if the Financial Services Compensation Scheme will lessen the burden of the £43m Keydata levy.
